Contractor

Business, Legal & Accounting Glossary

Definition: Contractor




What is the dictionary definition of Contractor?

Dictionary Definition


n. 1) a person or entity that enters into a contract. 2) commonly, a person or entity that agrees to construct a building or to provide or install specialized portions of the construction. The party responsible for the overall job is a “general contractor,” and those he/she/it hires to construct or install certain parts (electrical, plumbing, roofing, tile-laying, etc.) are “subcontractors,” who are responsible to the general contractor and not to the property owner. An owner must be sure that the subcontractors are paid by the general contractor by demanding and receiving proof of payment, or the subcontractor will be entitled to payment from the owner based on a mechanic’s lien against the property. 3) a person who performs services but is not an employee, often called an “independent contractor.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/contractor/
Modern Language Association (MLA):
Contractor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 21, 2021 https://payrollheaven.com/define/contractor/.
Chicago Manual of Style (CMS):
Contractor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/contractor/ (accessed: September 21, 2021).
American Psychological Association (APA):
Contractor. PayrollHeaven.com. Retrieved September 21, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/contractor/

Definition Sources


Definitions for Contractor are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 5 Views.